How will NFT Ltd.'s (MI) outstanding share count change after the reverse split?

Outstanding Class A shares will be reduced to approximately 230,986 from about 18,478,875. According to the company, Class B shares remain at zero and authorized plan counts will be proportionally adjusted.

Will NFT Ltd.'s (MI) share price automatically be 80 times higher after the split?

The company expects trading to approximate an 80x multiple but does not guarantee it. According to the company, the post-split market price may not reflect the 1-for-80 ratio or be maintained over time.

NFT LTD. ANNOUNCES 1 FOR 80 REVERSE SHARE SPLIT

NFT Ltd. (NYSE American: MI) announced a 1-for-80 reverse share split of Class A and Class B ordinary shares, approved by the board April 23, 2026 and expected to become effective on or about May 18, 2026.

Rhea-AI Impact

(Very High)

Rhea-AI Sentiment

(Very Negative)

Rhea-AI Summary

NFT Ltd. (NYSE American: MI) announced a 1-for-80 reverse share split of Class A and Class B ordinary shares, approved by the board April 23, 2026 and expected to become effective on or about May 18, 2026.

Shareholders will receive one new share for every eighty shares held; outstanding Class A shares will be reduced from approximately 18,478,875 to about 230,986. Class A shares will trade on a split-adjusted basis under symbol MI with new CUSIP G6363T123. Stock options, restricted shares and authorized plan share counts will be proportionally adjusted. Fractional shares will be rounded up; new certificates and transmittal instructions will be handled by VStock Transfer LLC.

Positive

Outstanding Class A shares cut from 18,478,875 to ~230,986
Expected per-share trading price to approximate 80x pre-split

Negative

Company warns post-split price may not reflect 1-for-80 ratio
Reverse split may reduce share count liquidity and float

Argus May 7 session

-14.59% close to close Open Argus

Details

News Market Reaction – MI

On May 7, the first trading day after this news, MI closed 14.59% below the previous close.

Data tracked by StockTitan Argus for the May 7 session.

Market Context

On May 7, the first trading day after this news, the stock closed 14.6% below the previous close. A ...

Analysis

On May 7, the first trading day after this news, the stock closed 14.6% below the previous close. A negative reaction despite the mechanical nature of the 1‑for‑80 reverse split would fit MI’s history of weak responses to capital structure changes and financings. Earlier in 2026, a registered direct offering was followed by a -82.97% move, and even a new USD 500 million supply chain finance initiative saw a -15.89% reaction. With the stock already about 96.38% below its 52-week high, investors may have focused on dilution history and structural risk rather than the cosmetic price increase.

Key Figures

Reverse split ratio: 1-for-80 Approved max ratio: Up to 1-for-200 Effective date: May 18, 2026 +5 more

Reverse split ratio: 1-for-80; Board-approved reverse split of Class A and Class B ordinary shares
Approved max ratio: Up to 1-for-200; Shareholders authorized reverse split range on April 17, 2026
Effective date: May 18, 2026; Reverse split expected effective date and start of split-adjusted trading
New par value: $0.04 per share; Par value of Class A and Class B ordinary shares post-split
Pre-split Class A shares: 18,478,875 shares; Class A ordinary shares outstanding as of May 6, 2026
Post-split Class A shares: Approximately 230,986 shares; Estimated Class A ordinary shares outstanding after reverse split
Price change pre-news: 2.98%; 24h move before article, price at $0.2425
52-week range: $0.231 – $6.7; Price near 52-week low, ~96.38% below 52-week high

Historical Context

3 past events · Latest: May 04

3 events

May 04
Annual report filing

24h Move

-3.1%

Form 20-F with going concern emphasis and detailed risk disclosures.
Mar 10
Equity financing

24h Move

-83.0%

Dilutive registered direct offering of units with five-year warrants.
Feb 17
Business initiative

24h Move

-15.9%

Launch of USD 500 million supply chain finance service for renewables.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse share split, class a ordinary shares, class b ordinary shares, par value, +4 more

8 terms

class a ordinary shares financial

"NFT’s Class A ordinary shares are expected to begin trading on a split-adjusted basis"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class b ordinary shares financial

"a 1-for-80 reverse share split of its Class A and Class B ordinary shares"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

par value financial

"Following the Reverse Split, the Class A and Class B ordinary shares will have a new par value of $0.04"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

cusip number financial

"under the symbol “MI” with the new CUSIP number, G6363T123"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

stock options financial

"The number of ordinary shares into which NFT's outstanding stock options and restricted shares"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

restricted shares financial

"outstanding stock options and restricted shares as well as the options' relevant exercise price"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

transfer agent financial

"NFT's transfer agent, VStock Transfer LLC, will manage the exchange of share certificates"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/06/2026 - 06:45 PM

Hong Kong, May 06, 2026 (GLOBE NEWSWIRE) -- NFT Ltd. (NYSE American: MI) ("Company" or "NFT", formerly known as Takung Art Co., Ltd.), as an emerging online trading platform operator of international art and collectibles today announced that its board of directors approved a 1-for-80 reverse share split of its Class A and Class B ordinary shares on April 23, 2026, following shareholder approval on April 17, 2026 of a reverse split at a ratio of up to 1-for-200. The reverse split is expected to become effective on or about May 18, 2026 (the “Reverse Split”).”

Upon the effectiveness of the Reverse Split, NFT shareholders will receive one new ordinary share of NFT for every eighty shares they hold. NFT’s Class A ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on May 18, 2026. Following the Reverse Split, the Class A and Class B ordinary shares will have a new par value of $0.04 per share. The Class A ordinary shares will continue to trade on the NYSE American under the symbol “MI” with the new CUSIP number, G6363T123.

The Reverse Split is expected to lead NFT’s Class A ordinary shares to trade at approximately eighty times the price per share at which it trades prior to the effectiveness of the Reverse Split. NFT, however, cannot assure that the price of its Class A ordinary shares after the Reverse Split will reflect the 1 for 80 Reverse Split ratio, that the price per share following the effective time of the Reverse Split will be maintained for any period of time, or that the price will remain above the pre-split trading price.

NFT's Articles and Memorandum of Association was amended and restated in connection with the Reverse Split. As of May 6, 2026, there were approximately 18,478,875 of NFT's Class A ordinary shares and 0 of NFT’s Class B ordinary shares outstanding. Effecting the Reverse Split will reduce that amount to approximately 230,986 Class A ordinary shares and 0 Class B ordinary shares outstanding.

Treatment of Stock Options and Restricted Shares

The number of ordinary shares into which NFT's outstanding stock options and restricted shares as well as the options' relevant exercise price per share will be proportionally adjusted to reflect the Reverse Split. The number of shares authorized for issuance under NFT's equity incentive plans will also be proportionally reduced to reflect the Reverse Split.

Fractional Shares

Any fractional shares that would have resulted because of the Reverse Split will be rounded up to the nearest whole share.

New Ordinary Share Certificates

NFT will adopt a new share certificate in connection with the implementation of the reverse share split. NFT's transfer agent, VStock Transfer LLC, will manage the exchange of share certificates. Shareholders of record will receive a letter of transmittal providing instructions for the exchange of their old certificates as soon as practicable following the effectiveness of the Reverse Split. Shareholders should not send in their old stock certificates until they receive a letter of transmittal from VStock Transfer LLC. Shareholders who hold their shares through a securities broker or nominee (i.e., in "street name") will be contacted by their brokers or nominees with any instructions.

For more information, shareholders and securities brokers should contact VStock Transfer LLC at 212-828-8436.

About NFT Limited

NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services in connection with the offering and trading of artwork on its platform, primarily consisting of listing fees, trading commissions, and management fees. Please visit: www.nftoeo.com.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. NFT warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as "may", "can", "should", "will", "estimate", "plan", "project", "forecast", "intend", "expect", "predict", "believe", "seek", "target", "Outlook" or similar words.

These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by NFT in its filings with the Securities and Exchange Commission ("SEC").

SOURCE NFT

Contact:

Investor Relations
IR@nft-limited.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the effective date of NFT Ltd.'s 1-for-80 reverse split (MI)?

The reverse split is expected to become effective on or about May 18, 2026. According to the company, Class A shares will begin trading on a split-adjusted basis when the market opens that day.

How will NFT Ltd. (MI) handle fractional shares from the 1-for-80 split?

Any fractional shares resulting from the reverse split will be rounded up to the nearest whole share. According to the company, shareholders will receive instructions from VStock Transfer LLC after the split becomes effective.

What should MI shareholders do with physical certificates after the reverse split?

Shareholders should wait for a letter of transmittal from VStock Transfer LLC before sending certificates. According to the company, the transfer agent will provide exchange instructions as soon as practicable after the split.

NFT LTD. ANNOUNCES 1 FOR 80 REVERSE SHARE SPLIT